Cannes 2012: Bill Clinton, Prince Albert to Co-host Inaugural 'Nights in Monaco' Gala

Brad Pitt, Angelina Jolie
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Nominee Brad Pitt, who stars in Moneyball, and Angelina Jolie are among the last to arrive at the Oscars. Jolie chose an Atelier Versace dress, Neil Lane jewelry and a clutch from Jaime Mascaro. Pitt wears a satin peak lapel tuxedo by Tom Ford.

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Everyone's wondering if the fest's Power Couples, Brad Pitt and Angelina Jolie and Robert Pattinson and Kristen Stewart, will turn up at what may be the hottest party.

Historically, the most star-studded bash held during the Cannes Film Festival is always the Cinema Against Aids amfAR fundraiser. This year, the exclusive black-tie event will be held on May 24 at the Hotel du Cap in Antibes. Past attendees include: Elton John, Sean Penn, Johnny Depp, George Clooney Madonna, Catherine Deneuve, Kylie Minogue, Natalie Portman, Elle Macpherson, Valentino, Roberto Cavalli, Bill Clinton and Prince Albert of Monaco

But Prince Albert and Clinton are throwing their own high-rolling contender on the Cannes party scene. Their first annual "Nights in Monaco" gala will be held at Monaco's Hotel de Paris to benefit the Prince Albert II of Monaco Foundation and the William J. Clinton Foundation.

“I am glad that my Foundation is joining with the Prince Albert II of Monaco Foundation,” Clinton said in a statement. “I have enjoyed working with Prince Albert through my Clinton Global Initiative, and we share a deep commitment to protecting the environment. I’m looking forward to what I’m sure will be a successful evening.”

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The evening begins with a private reception with both the prince and the former president, followed by dinner at the Hotel de Paris, courtesy of chef Alain Ducasse.

The gala will also feature numerous musical performances by Il Volo, Caro Emerald and DJ Ruckus, and after dinner, there will be a party at the newly renovated Jimmy’z d’Hiver at the Place du Casino.

We can’t wait to see who gets invited to this primo party. We’re willing to bet that the 2012 Cannes Power Couples --  Kristen Stewart and Robert Pattinson, Brad Pitt and Angelina Jolie -- will get invites.

Stewart will be at Cannes promoting On the Road, directed by Walter Salles, and Pattinson will also be there for David Cronenberg's Cosmopolis.

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The newly engaged Pitt and Jolie, who have a pad not far from Cannes, will be at the fest to promote his film, Killing Them Softly. What better engagement gift than a ticket to the "Inaugural Nights in Monaco" gala? (And what better place for Angie to show off her amazing new engagement ring?)

More celebs vying for a party invite will include Nicole Kidman, Zac Efron, Reese Witherspoon, Marion Cotillard and Matthew McConaughey, who all have films at the fest. 

Given all the potential celebrity guests, the "Nights in Monaco" soiree may prove to be a hotter red carpet than any premiere on the Croisette in Cannes.